Risk and Compliance Analyst Salary in the US

The salary for a Risk and Compliance Analyst in the US can vary depending on factors such as location and industry. According to the Bureau of Labor Statistics, the median annual salary for a Risk and Compliance Analyst in the US is around $76,000.

In the financial industry, Risk and Compliance Analysts can earn upwards of $90,000 per year, with some positions reaching as high as $120,000. This is due in part to the high level of expertise and specialized knowledge required in this field.

In smaller organizations, the salary may be lower, around $50,000 to $70,000 per year, but still offers a competitive package with opportunities for growth and advancement.

As a risk and compliance analyst, your primary goal is to ensure that an organization is operating within the bounds of the law and regulatory requirements. This involves managing various files and documents, such as FHA, FHLMC, FNMA, VA, and GNMA files.

You'll be responsible for managing the monthly allocation process and governance for non-Germany regions, balancing regions, and projects. This requires a keen eye for detail and the ability to balance competing priorities.

One of the key tasks of a risk and compliance analyst is to serve as an administrator for TeamRoom and SharePoint, including managing the SharePoint migration project. This involves technical skills and the ability to adapt to new systems.

In addition to administrative tasks, risk and compliance analysts are often responsible for leading exams and audits, such as the annual Medicare data validation exams. These exams require careful preparation and attention to detail to ensure compliance with regulatory requirements.

Risk and compliance analysts may also be involved in preparing for exams and audits, such as the OCC exam, which requires research and presentation of documentation to achieve compliance with federal examiner requests. This involves strong communication and analytical skills.

Here are some specific responsibilities of a risk and compliance analyst:

The salary for a risk and compliance analyst is influenced by several factors, including experience, industry, and location. The average financial compliance analyst salary in the US is $67,710, with salaries ranging from $52,000 for entry-level roles to $108,000 for senior positions.

Entry-level risk and compliance analysts can expect to earn between $50,000 to $65,000 per year, with salaries increasing to $70,000 to $90,000 after 3-7 years of experience. Senior analysts with deep expertise can earn up to $120,000 per year.

Salaries for risk and compliance analysts vary by industry, with top-paying industries including finance and insurance services, investment banking firms, and large public corporations. These industries offer average salaries between $75,000 to $95,000.

Experience level significantly impacts salaries for financial compliance roles. Here's a breakdown of typical earnings:

Bonuses and overtime pay can also impact total compensation for risk and compliance analysts. Many analysts earn bonuses averaging 10-20% of their salary based on performance, and overtime pay is common in audit-heavy roles.

With experience, salaries steadily increase over the first 5-10 years of a career. For example, new risk and compliance managers tend to start around $65,000, with salaries rising to $75,000 with 1-2 years of experience, and $80,000 to $85,000 with 3-5 years of experience.

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Financial compliance analysts play a critical role in ensuring companies meet regulatory standards and avoid legal penalties, and their compensation reflects the value they provide. Experience level significantly impacts salaries for financial compliance roles.

For example, entry-level analysts typically earn between $50,000 to $65,000 per year, while mid-career analysts can jump to the $70,000 to $90,000 range. Senior-level analysts, with deep expertise, can earn up to $120,000 per year.

The premium for experience reflects the specialized skills, judgment, and credibility gained over time. Here's a breakdown of the typical salary ranges for financial compliance roles based on experience level:

Financial compliance salaries are heavily influenced by several key factors. Experience level is a major contributor, with entry-level professionals earning between $50,000 to $65,000 annually.

The complexity of regulations also plays a significant role, with professionals in high-regulation industries earning higher salaries. Financial compliance analysts with specialized skills and judgment can command salaries ranging from $65,000 to $85,000.

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Geographic location can also impact financial salaries, with professionals in certain cities or regions earning more than their counterparts in other areas. For example, senior-level analysts with deep expertise can earn up to $120,000.

Here are the key factors influencing financial compliance salaries:

In highly regulated industries, risk and compliance managers can earn top dollar, but what about the sectors with less regulatory obligations? Retail and Hospitality, for instance, pay their risk managers around $65,000 to $90,000 annually.

One reason for this lower pay is the fewer mandated standards in these industries. Technology is another sector that pays relatively lower salaries, with risk managers earning $70,000 to $120,000.

In Education, schools and universities often have budget constraints that cap risk management salaries at around $80,000. This is a significant difference from the high-paying industries like banking, insurance, and pharma.

Here's a quick breakdown of the lower-paying sectors:

These lower-paying sectors often have fewer regulatory obligations, which can impact the salaries of risk and compliance managers.

Financial compliance analyst salaries are on the rise, driven by the increasing complexity of regulations and the growing demand for professionals in this field.

According to projected salary growth trajectories, entry-level salaries are likely to increase by 4-6% annually, while mid-career salaries are projected to rise 8-12% each year. Senior and executive salaries could jump 10-15% year-over-year.

The massive influx of new regulations across sectors is significantly increasing demand for qualified compliance professionals. As talent becomes more scarce, salaries across all seniority levels are projected to rise rapidly in order to attract and retain top performers.

Here's a breakdown of projected salary growth trajectories:

Salaries for financial compliance analysts vary based on years of experience. According to the data, entry-level professionals (0-5 years) can expect to earn between $65,000 and $85,000. Mid-career professionals (5-10 years) can earn between $90,000 and $120,000, while experienced professionals (10+ years) can earn up to $180,000 for senior leadership roles.

Pursuing certifications is a great way to boost your career in risk and compliance. It shows commitment to the profession and deepens your domain expertise.

Gaining certifications like Certified Regulatory Compliance Manager (CRCM) and Certified Financial Crimes Specialist (CFCS) can significantly impact your earning potential. These certifications take 3-6 months and cost between $400-$1000 to obtain.

Mid-career professionals should aim for certifications that signal specialized expertise. Aiming for certifications like CRCM or CFCS can help you stand out in your field.

Here's a breakdown of certifications by level:

Certifications like CRCM, CISA, and CIA are highly valued in the industry. They demonstrate your expertise in risk analysis, knowledge of laws and regulations, and audit and internal controls.

Regulatory changes are expanding rapidly, creating a surge in demand for specialized risk and compliance talent. This talent shortage could push salaries up 15-20% over the next 3-5 years.

Professionals well-versed in niche regulations like GDPR, CCPA, SOX, HIPAA, and Basel III will be in high demand, commanding premiums of up to $150-175k for managers and directors with proven experience.

Automation and AI will handle some basic tasks, but risk and compliance roles will still require human judgment, strategic thinking, and complex communications.

Regulatory changes are expanding rapidly in areas like data privacy, financial reporting, and healthcare reform.

New regulations in these areas will require organizations to adapt, leading to a surge in demand for specialized risk and compliance talent.

This talent shortage could push salaries up 15-20% over the next 3-5 years.

Professionals with expertise in niche regulations like GDPR, CCPA, and SOX will be in high demand.

They can command premiums, with salaries for managers and directors with proven experience topping $150-175k.

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Automation and AI are changing the game for risk and compliance professionals. They'll handle some basic tasks, freeing up time for more strategic work.

Managers who adopt automation can reduce manual reporting by 80-90%, allowing them to focus on high-value analysis and advising. This efficiency gain will justify continued salary growth around 4-6% annually.

Professionals should hone their analytical abilities, communication skills, and emotional intelligence to maintain value in the market. This will help them stay relevant in a world where technology is increasingly prevalent.

Expertise in applying tools like machine learning, natural language processing, and predictive analytics to risk and compliance will be especially lucrative.

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The size of the company greatly influences a risk and compliance manager's compensation, with small companies paying between $70,000 and $90,000, mid-size companies paying between $100,000 and $130,000, and large enterprises paying between $140,000 and $180,000.

Professionals at large corporations with over 1,000 employees generally earn from $140,000 up to $180,000, and executive compliance roles at Fortune 500 companies can earn over $200,000.

Company size has a significant impact on salary, with larger companies offering higher earnings potential.

Salary ranges for risk and compliance managers vary based on experience and company size. Experienced professionals can earn up to $180,000 at large enterprises.

Risk and compliance managers with 0-5 years of experience typically earn between $65,000 and $85,000. Those with 5-10 years of experience can earn between $90,000 and $120,000. Seasoned professionals with over 10 years of experience can earn up to $180,000.

Company size also impacts salary ranges. Small companies with under 100 employees pay risk and compliance managers between $70,000 and $90,000. Mid-size companies with 100-1000 employees pay between $100,000 and $130,000. Large enterprises with over 1,000 employees pay between $140,000 and $180,000.

Here's a breakdown of salary ranges by company size:

Highly regulated industries like banking, insurance, and pharma offer the highest risk and compliance manager earnings, while less regulated sectors see lower salaries.

If you're looking for a Compliance Analyst job, you'll find opportunities in various locations across the United States.

Compliance Analyst positions are available in cities such as Aberdeen, SD, Ashburn, VA, and Charlotte, NC. These locations offer a range of job opportunities for those in this field.

Some of the cities with available Compliance Analyst jobs include East Ridge, TN, Eastchester, NY, and Lawrence, MA. These cities are worth considering if you're looking for a new opportunity.

Here's a list of some of the locations with available Compliance Analyst jobs: